The storms and floods that hit South-East Queensland and coastal New South Wales in February and March are likely to be Australia’s costliest floods on record, according to the Insurance Council of Australia (ICA). Using updated data, the ICA said …
Russia’s leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with Western sanctions and seeks to repay outstanding loans. Sovcomflot has faced growing challenges in concluding charters as ports, end purchasers, …
The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a law preventing foreign-owned jets from leaving the country without state permission. Dubai Aerospace Enterprise booked a $538 million write-off for …
The British government should practice what it preaches on net-zero emissions, according to insurer Aviva Plc and conservation group WWF. Having said last year that UK-based companies must detail how they will deliver on their 2050 emission-reductions goals, the government …
Europe’s top court said on Thursday that Banco Popular shareholders who took part in its capital increase in 2016 are not entitled to compensation for losses suffered after the Spanish bank was wound down and rescued. European authorities orchestrated an …
Zurich Creates Role to Support Energy and Construction Clients With Sustainability Zurich North America has created three roles to support its construction and energy customers in their sustainability objectives. “Climate change is one of the most urgent risks confronting our …
A new American Property Casualty Insurance Association (APCIA) survey of over 1,000 U.S. homeowners who have a homeowners insurance policy, reveals a majority of insured homeowners have not taken important steps to ensure their insurance coverage is keeping pace with …
With Florida lawmakers set to convene in less than three weeks to face the swirling winds of the state’s property insurance crisis, Gov. Ron DeSantis has yet to unveil a draft of the reform legislation he would like to see. …
Firefighters in Boston worked for more than three hours to rescue an injured construction worker after part of a historic power plant collapsed Wednesday while being redeveloped. Fire Commissioner Jack Dempsey told reporters the worker sustained life-threatening injuries when a …
A Paris resident seeking 21 million euros ($22 million) for health damage caused by the city’s pollution got a boost from an adviser to the European Union’s top court who said the French state may be liable. The non-binding opinion …
